Flash: EUR to be supported on dips - OCBC

FXstreet.com (London) - Emmanual NG, strategist at OCBC said for the EUR/USD, “Our view remains on track and the pair may remain supported on dips pending further US fiscal developments this week with support seen towards 1.3500 before 1.3450”.

Key Quote:

“ Meanwhile, Upside head room is seen extending towards the 1.3650 area for now. The ECB’s Draghi is expected to speak this week and expect the resulting rhetoric to remain sufficiently dovish, although inherent USD weakness may continue to prevail for the pair”.